LIMA, Ohio (WLIO) - Teaching kids about money usually happens in high school, but for some, it can be for kids as young as 9-years-old.
The 6th ward Lima City Councilman Derry Glenn helped teach young kids the importance of financial literacy by opening up bank accounts for kids who found a golden egg during his easter egg hunt. Inside the egg was 25 dollars and the ability for a bank account at State Bank on Elizabeth Street. His goal is to teach kids why saving money is important, and to build real-life skills at a young age. Opening a bank account for younger kids isn't simply about money, it's about building good financial habits and learning the skills to track money and spending.
"You're never too young to learn about financial literacy. We see it every day, you know, individuals that are struggling to, you know, make ends meet. Things are so expensive anymore and it continues to get more costly for all of us, and so, it's good for us to be able to teach those students about budgeting, about saving and I mean, it's never too early to start," says Jason May, commercial lender for State Bank.
"We're excited about it, but we're here at the bank today, and to educate our kids on financial literacy. Our kids are going to learn how to bank and that's what we are going to continue to be doing. We are very happy about it," says Derry Glenn, Lima 6th Ward City Councilman.
By teaching young kids how to manage money, the next generation of Lima will be set up for success.
